Owens Tax Advisors regularly present and provide public comment on topical tax matters.
Our principal, Jeff Owens is also an accomplished and popular public speaker on tax matters. If you would like to arrange for Jeff to comment on or prepare and present a lively discussion on topical tax matters, please contact us.
Chinese (traditional) translation: 中文翻译
IRD has an ongoing focus on recovering unpaid tax through review, investigation and audit of many business activities including property transactions and underreporting of cash sales and wages. The article below was published in June 2011 but applies equally today (2016-06-09).
近年來，稅務局獲得政府大筆撥款以進行稅務調查和審計。前些年的目標是針對房地產交易，作為投入的回報，稅務局徵收的稅款和罰金是用在查稅上開銷的許多倍。
而近期稅務局集中精力關注所謂的“黑色”經濟 – 大多是那些由業主自營但缺乏強有效帳目管理的商家，尤其是那些現金交易佔比重較大的企業。這些商家的業主和僱員較有機會挪用現金而不申報納稅。
稅務局的這一查稅重點不無道理，無可厚非，但有時稅務局的工作人員在執行公務時方法太過生硬，缺乏成效。
本文旨在提供一些如何應對稅務局稽查的指引。
Read on “Tips for handling an IRD audit – Chinese (simplified) translation”
This section of our website sets out a number of issues that we often observe in respect of the way IRD manages audits and other communications with taxpayers.
The most recent development is our 5 May 2011 submission to the Minister and Commissioner of Inland Revenue, and an IRD response that in our view ducks nearly all the points we are making.
We will continue to pursue these matters in various forums.
Read on “Submission to IRD and Government re IRD Audit and Communications”
The amendment applies to trading stock (as opposed to other goods and assets), only to the Christchurch earthquake as opposed to other disasters, and only for four months after the two relevant earthquakes.
However it is in effect an acknowledgement that the existing legislation doesn’t cope with an urgent need to donate goods, and we are hopeful that in due course the provision could be widened further.
We thank CPA Australia, Business Roundtable and others for their support.
We provide an update in respect of charitable donations, acknowledging support from accountants and some key representatives, and from the New Zealand Business Roundtable.
We also comment on how an amendment could be potentially structured.
Read on “Charitable donations of goods and services – update”
Following the Christchurch earthquake, and concerns raised by clients we have recommended that gifts by way of verifiable goods and services qualify for the Part LD donations deduction in the same way as cash. We have made this by way of open letter to the Prime Minister, Commissioner and Minister of Revenue.
Read on “Owens Tax Advisors Submission to Government and IRD re donations rebate”